Data Mining For Investment Gems Is A Popular Failure [Forbes]
Automatic Data Processing, Inc. (ADP)
Last automatic data processing, inc. earnings: 4/29 06:56 am
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Source: Forbes
Data Mining For Investment Gems Is A Popular Failure Abstract digital code numbers Getty Data mining – The hunt for hidden correlations that others do not see. Sounds great, what with all the data and computing power available. But, wait… Don’t all investors have access to those resources? Then why should we think there is something yet to be discovered? Data mining is not like Bitcoin mining where you know when you have it. Instead, a “new” correlation unearthed only looks shiny – we do not really know whether it is valuable or fool’s gold. I met my (perhaps, In 1974, I was a consultant at the New York City office of Cyphernetics, a computer time-sharing firm. That year, the company worked with Chase Manhattan Bank to put up the Chase Econometrics Database on Cyphernetics’ computer installation. Doing so allowed users at Chase and elsewhere to access all the data and pre-programmed statistical programs. This was a huge step forward at the time. (See more information at the end of thi
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ADP
Earnings
- 2/1/24 - Beat
ADP
Sec Filings
- 3/5/24 - Form 4
- 3/5/24 - Form 4
- 3/4/24 - Form 144
- ADP's page on the SEC website